When do I have to start repaying my education loan after my UK MS?
Education loan repayment for an MS in the UK usually starts 6 to 12 months after you complete the course, during what is called the moratorium period. Loan tenure typically runs 10 to 15 years, with some lenders allowing up to 17 including the course. Terms vary.
Repayment on an education loan for a UK MS usually starts 6 to 12 months after you complete your course. Students generally begin repaying after the course or a short moratorium period, and the exact terms vary by lender.
Repayment Features at a Glance
| Repayment feature | What to expect |
|---|---|
| Moratorium period | 6 to 12 months after course completion |
| Loan tenure | Typically 10 to 15 years, varying by lender (some allow up to 17 years including the course) |
| Part-payment or pre-closure | Helps reduce the overall interest burden |
How Lenders Differ
- Public banks often offer longer tenures
- NBFCs often provide more flexible repayment options
- Terms depend on the lender, so read the sanction letter carefully
My Advice
Plan for the first instalment before you graduate. The UK master's is one year long, so start your job search early and confirm with your lender exactly when the moratorium ends. If you can, use part-payments once you start earning to cut down the interest.
Will you qualify for a UK education loan?
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